Speed Changer Price in Switzerland - 2023

Contents:

1. Speed Changer Price in Switzerland (FOB) - 2023
2. Speed Changer Price in Switzerland (CIF) - 2023
3. Speed Changer Exports in Switzerland
4. Speed Changer Imports in Switzerland

Speed Changer Price in Switzerland (FOB) - 2023

In July 2023, the average speed changer export price amounted to $31,712 per ton, standing approximately at the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 10% against the previous month. Over the period under review, the average export prices reached the maximum at $31,907 per ton in June 2023, and then reduced slightly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was China ($41,955 per ton), while the average price for exports to Romania ($7,710 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Price in Switzerland (CIF) - 2023

In July 2023, the average speed changer import price amounted to $28,206 per ton, increasing by 7.2% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.5%. The pace of growth appeared the most rapid in August 2022 an increase of 21% month-to-month. The import price peaked at $29,431 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($38,397 per ton), while the price for Mexico ($7,542 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Exports in Switzerland

In 2022, approx. 22K tons of speed changers, industrial high-speed drives and gear were exported from Switzerland; reducing by -4.5% against 2021. In general, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of 23K tons, and then reduced modestly in the following year.

In value terms, speed changer exports fell modestly to $587M in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $616M, and then dropped modestly in the following year.

Top Export Markets for Speed Changer from Switzerland in 2022:

1. Germany (7.3K tons)
2. Italy (4.1K tons)
3. United States (3.3K tons)
4. China (1.9K tons)
5. France (0.8K tons)
6. Slovakia (0.6K tons)
7. Mexico (0.5K tons)
8. Poland (0.5K tons)
9. Austria (0.5K tons)
10. Romania (0.4K tons)
11. Czech Republic (0.4K tons)

Speed Changer Imports in Switzerland

In 2022, imports of speed changers, industrial high-speed drives and gear into Switzerland expanded to 16K tons, picking up by 4.5% on the previous year. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 36% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, speed changer imports contracted to $371M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of $379M, and then reduced in the following year.

Top Suppliers of Speed Changer to Switzerland in 2022:

1. Germany (6.0K tons)
2. India (3.0K tons)
3. Italy (2.9K tons)
4. Czech Republic (0.7K tons)
5. Poland (0.7K tons)
6. China (0.7K tons)
7. Austria (0.4K tons)
8. Mexico (0.3K tons)
9. Slovakia (0.2K tons)

Source: IndexBox Market Intelligence Platform